prowl Posted May 5, 2019 Share Posted May 5, 2019 51 minutes ago, Mr. Tom said: 20k/week roughly equals £1m/year. Annual interest at 5% on a million quid would be 50k/year. So in theory, if you can save even £600-800k cash over the course of a 10yr career, while paying off your mortgage quickly, you ought to be able to retire on 30-40k a year with a roof over your head and a huge nest egg without ever needing to lift a finger again, if you really want to. Outrageous! Well jel Difficult to get 5% interest on money so you need more. Then you need to inflation proof it. £50k might sound a lot now but if you retire at 34 you might live another 50 or 60 years. 45 years ago £1000 per year was decent money. £50K will be chump change in 50 years. Seriously you need a BIG wedge to retire at 34. Link to comment Share on other sites More sharing options...
Costello 77 Posted May 5, 2019 Author Share Posted May 5, 2019 1 minute ago, Mycroft said: Shaddup. You're stinking rich... your bourgeois posting style and rich living coaching boasts are enough to denounce you. 1 Link to comment Share on other sites More sharing options...
Inspector Lestrade Posted May 5, 2019 Share Posted May 5, 2019 1 minute ago, Costello 77 said: You're stinking rich... your bourgeois posting style and rich living coaching boasts are enough to denounce you. So you, OK swapping bank accounts then? Link to comment Share on other sites More sharing options...
Costello 77 Posted May 5, 2019 Author Share Posted May 5, 2019 Just now, Mycroft said: So you, OK swapping bank accounts then? That's exactly what I'd expect a filthy capitalist to say who hasn't got a coupé project on the go. 1 Link to comment Share on other sites More sharing options...
Inspector Lestrade Posted May 5, 2019 Share Posted May 5, 2019 Just now, Costello 77 said: That's exactly what I'd expect a filthy capitalist to say who hasn't got a coupé project on the go. Are you on the beer again? Link to comment Share on other sites More sharing options...
Costello 77 Posted May 5, 2019 Author Share Posted May 5, 2019 1 minute ago, Mycroft said: Are you on the beer again? It's a lifelong battle. 1 Link to comment Share on other sites More sharing options...
Costello 77 Posted May 5, 2019 Author Share Posted May 5, 2019 (edited) 8 minutes ago, Mycroft said: Are you on the beer again? Come and help me with my summer car project...an idiot passing tools to a functioning alcoholic...to me to you... Mycroft isn't an idiot...I'm sensitive about my addiction. Edited May 5, 2019 by Costello 77 Link to comment Share on other sites More sharing options...
Inspector Lestrade Posted May 5, 2019 Share Posted May 5, 2019 4 minutes ago, Costello 77 said: Come and help me with my summer car project...an idiot passing tools to a functioning alcoholic...to me to you... I'm not an alcoholic and I'm no mechanic. Link to comment Share on other sites More sharing options...
Costello 77 Posted May 5, 2019 Author Share Posted May 5, 2019 Just now, Mycroft said: I'm not an alcoholic and I'm no mechanic. Great name for the next band they're pushing on Sunday Brunch... 2 Link to comment Share on other sites More sharing options...
Inspector Lestrade Posted May 5, 2019 Share Posted May 5, 2019 Just now, Costello 77 said: Great name for the next band they're pushing on Sunday Brunch... I'll leave you to it Link to comment Share on other sites More sharing options...
Mr. Tom Posted May 5, 2019 Share Posted May 5, 2019 1 hour ago, dewsburyowl58 said: Have you taken into account 50% goes in tax ? I hope I get asked that at least three more times. Ideally with it going up 10% each time. Link to comment Share on other sites More sharing options...
Mr. Tom Posted May 5, 2019 Share Posted May 5, 2019 37 minutes ago, prowl said: Difficult to get 5% interest on money so you need more. Then you need to inflation proof it. £50k might sound a lot now but if you retire at 34 you might live another 50 or 60 years. 45 years ago £1000 per year was decent money. £50K will be chump change in 50 years. Seriously you need a BIG wedge to retire at 34. We’ll all be living in sandcastles fighting over leather bandanas and eating out of Tesla electric bins in 50 years Link to comment Share on other sites More sharing options...
leicesterowl Posted May 5, 2019 Share Posted May 5, 2019 26 minutes ago, prowl said: Difficult to get 5% interest on money so you need more. Then you need to inflation proof it. £50k might sound a lot now but if you retire at 34 you might live another 50 or 60 years. 45 years ago £1000 per year was decent money. £50K will be chump change in 50 years. Seriously you need a BIG wedge to retire at 34. or you take the realistic view that you have made a large wedge from your god given talent ....thank your lucky stars that you have avoided the need to do a day job for 15+ years and having been paid handsomely for it ....and if you do not have sufficient funds - do what the rest of us have done for the whole of our adult life and get a job in the real world to provide for yourself and your family ! you can probably tell that I do not subscribe to the 'short career' b... s... - there is nothing special about professional footballers which states that once they can no longer play football they can no longer work !......if they are fortunate to be ablate retire at the end of a very lucrative career then good luck to them ..but if not then retrain and get a proper job ! 1 Link to comment Share on other sites More sharing options...
Costello 77 Posted May 5, 2019 Author Share Posted May 5, 2019 1 minute ago, Mycroft said: I'll leave you to it There's a great dichotomy at play here.. The logical part of my brain is constantly at war with Keith Moon and Oliver .... When I'm drunk.. I want to be as happy as when I'm sober. Through force of will only... I function. Link to comment Share on other sites More sharing options...
prowl Posted May 6, 2019 Share Posted May 6, 2019 12 hours ago, leicesterowl said: or you take the realistic view that you have made a large wedge from your god given talent ....thank your lucky stars that you have avoided the need to do a day job for 15+ years and having been paid handsomely for it ....and if you do not have sufficient funds - do what the rest of us have done for the whole of our adult life and get a job in the real world to provide for yourself and your family ! you can probably tell that I do not subscribe to the 'short career' b... s... - there is nothing special about professional footballers which states that once they can no longer play football they can no longer work !......if they are fortunate to be ablate retire at the end of a very lucrative career then good luck to them ..but if not then retrain and get a proper job ! Perfectly reasonable viewpoint, much the same as my own. I was replying to the suggestion that £1m would be enough to retire on. Link to comment Share on other sites More sharing options...
Hitcat Posted May 6, 2019 Share Posted May 6, 2019 (edited) http://www.thesun.co.uk/news/1285641/footballer-stephen-ireland-and-new-wife-jessica-pose-with-garish-6ft-wedding-cake/amp/ They have to earn vast amounts because they're so thick. Have you seen their garish houses? Natural wastage is inevitable. Edited May 6, 2019 by Hitcat Link to comment Share on other sites More sharing options...
theowlsman Posted May 6, 2019 Share Posted May 6, 2019 Everyone is different. Finding personal bliss is an individual thing, not attached to money. ps - waiting on an increase of salary of £24k p.a. But it won’t change me one bit. I’ll always be a nob. 1 Link to comment Share on other sites More sharing options...
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